SRI. GANGASHARA SHETTY, ,DAKSHINA KANNADA vs. INCOME TAX OFFICER, WARD-2(1), MANGALORE
In the result, appeal of the assessee stands allowed
ITA 1633/BANG/2024[2017-18]Status: DisposedITAT Bangalore22 Oct 2024AY 2017-18
Bench: Ms. Padmavathy S. & Shri Prakash Chand Yadavassessment Year: 2017-18
For Appellant: Smt. Sunaiana Bhatia, A.RFor Respondent: Ms. Neha Sahay, D.R
Section 147Section 269SSection 271DSection 273BSection 54
reassessment proceedings. Therefore, it is a case where a claim has been made in an open and bonafide manner and hence in terms of provisions of section 273B of the Act, which specifically exclude the rigors of provisions of section 271D of the Act, we are of the view that penalty is not leviable in the present case
